09/13 – ETF Trading – No Trades Today

Late-day buying pushed the broader market higher yesterday. SPY has moved back into a neutral trading area – see the RSI 2. And since the broader market is below its 200 day moving average, we’ll patiently wait for a continued stock market rebound to trigger some new short etf trading signals. We want to take a short trade when the RSI 2 moves above 75.

Why trade etfs? John Nyaradi, in an article at TradingMarkets.com, shares his 8 Reasons to Trade ETFS and what they can do for your stock trading portfolio. You won’t ever buy another mutual fund!

Learn more about the etf trading strategies used here. They’re from the book by Larry Connors: High Probability ETF Trading. His etf trading strategies have only a few rules and you’ll be able to back-test and apply the strategies to the next trading day.

Updated chart for SPY:

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